Singapore police probe two fiirms in alleged metal trade fraud - THE EDGE SINGAPORE

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Singapore police probe two firms in alleged metal trade fraud

Singapore’s Commercial Affairs Department, a police unit for financial crime, is investigating two companies for alleged fraud related to a nickel investment scheme.

Company in the news

Singapore businessman charged with $761 mil Wirecard fraud

Singapore authorities charged the director of a local accounting firm with fraud for falsely claiming his company held 475.5 million euros ($761.19 million) on behalf of disgraced German payments b


Georgian billionaire sues Credit Suisse trust in Singapore over rogue trader

Bidzina Ivanishvili, the biggest victim of a rogue trader at Credit Suisse Group AG, is suing one of the bank’s trusts in Singapore for at least US$300 million ($415 million), opening a fresh front


Can blockchain tech prevent another Hin Leong?

Already buffeted by ferocious storms from the Covid-19 pandemic, Singapore’s financial landscape was thrown into further disarray in April following a financial scandal at leading oil trader firm H


Watch out! Your next travel booking might turn out to be a fraud

SINGPORE (June 12): Cybercriminals are capitalising on consumers’ risky holiday booking habits for their favourite destinations, according to McAfee.


Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Singapore bans former HSBC, UOB bankers on fraud, dishonesty

SINGAPORE (April 11): Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.


No end in sight for crypto sell-off as Bitcoin approaches US$4,000

LONDON (Nov 21): Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to cl

Ex-billionaire Singh brothers found to have defrauded Fortis Healthcare

(Oct 18): India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($74.9 million) and ordered that th

Management & Corporate Governance

PwC to pay FDIC US$625.3 million for failure to uncover fraud: US judge

(July 3): A federal judge on Monday said PricewaterhouseCoopers LLP must pay US$625.3 million ($855.3 million) in damages to the Federal Deposit Insurance Corp (FDIC) for failing to uncover fraud t